Business, 15.07.2020 01:01 makayla4141

Using the percent of sales method, and assuming 20% growth in sales, estimate Billy's Burgers' depreciation for 2011. a. $12.0 million
b. $20.6 million
c. $50.8 million
d. $17.2 million
Figures in $ millions
Income Statement 2010 Balance Sheet 2010
Net Sales 246.0 Assets
Costs exc. Dep. 187.0 Cash 8.0
EBITDA 59.0 Accts. Rec. 21.0
Depreciation 17.2 Inventories 23.0
EBIT 41.8 Total Current Assets 52.0
Interest 12.0 Net PP&E 145.0
Pretax Income 29.8 Total Assets 197.0
Taxes 10.4
Net Income 19.4 Liabilities and Equity
Accts. Payable 18.0
Long-Term Debt 82.0
Total Liabilities 100.0
Total Stockholders' Equity 97.0
Total Liabilities and Equity 197.0

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Using the percent of sales method, and assuming 20% growth in sales, estimate Billy's Burgers' depre...

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